Superstorm Induces At Least Some Bank Fee Changes
PITTSBURGH (KDKA) — With water, wind and rain creating havoc in a number of states, one of America’s largest banks — JP Morgan Chase — took the lead in helping its customers hit by Superstorm Sandy.
All Pennsylvania Chase customers, including those in the Pittsburgh area, will have no fees imposed on the following services until Thursday, Nov. 1:
- Overdraft Protection Transfer
- Extended Overdraft
- Checks Returned for Insufficient Funds
And no late fees on:
- Credit cards payments
- Business and consumer loans
- Home equity
- Auto and student loans
As for banks like PNC, Citizens, First Niagara, Dollar and Huntington, so far only PNC says it will refund Non-Sufficient Fund (NSF) fees and overdraft fees in affected East Coast markets, but that does not yet include Pittsburgh.
Even if your bank is one of those that is not reaching out to help those affected by Sandy, if you think this superstorm does affect your ability to pay, then give your bank a call.
It’s always better to try to work things out with them, ahead of time, than to delay your payment.